CoreCivic, Inc. $CXW Position Increased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in CoreCivic, Inc. by 2.2%, owning 12,215,492 shares worth approximately $247.85 million as of the latest SEC filing.
• CoreCivic received positive ratings from analysts, with a strong-buy rating from Wall Street Zen and a $30.00 price target from Jones Trading, contributing to an average target price of $33.33.
• CoreCivic reported a 9.8% year-over-year revenue increase, achieving $538.17 million for the quarter and exceeding analysts' expectations for both earnings per share and revenue.

Vanguard Group Inc. increased its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,215,492 shares of the real estate investment trust's stock after buying an additional 267,198 shares during the period. Vanguard Group Inc. owned about 11.17% of CoreCivic worth $247,852,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of CoreCivic by 10.0% in the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 470 shares during the last quarter. Bank of Montreal Can boosted its holdings in CoreCivic by 8.0% in the fourth quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock valued at $277,000 after purchasing an additional 944 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CoreCivic by 2.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,000 shares of the real estate investment trust's stock valued at $1,348,000 after purchasing an additional 1,322 shares during the last quarter. State of Wyoming lifted its position in shares of CoreCivic by 7.5% during the 4th quarter. State of Wyoming now owns 20,796 shares of the real estate investment trust's stock worth $452,000 after buying an additional 1,443 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of CoreCivic by 29.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 9,250 shares of the real estate investment trust's stock valued at $187,000 after buying an additional 2,113 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

CoreCivic Trading Up 0.2%

Shares of CXW stock traded up $0.04 during trading hours on Friday, hitting $20.49. 599,326 shares of the company were exchanged, compared to its average volume of 1,114,840. The firm has a fifty day moving average of $20.71 and a 200 day moving average of $20.68. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.68. CoreCivic, Inc. has a 1 year low of $12.13 and a 1 year high of $24.99. The firm has a market cap of $2.19 billion, a PE ratio of 21.81 and a beta of 0.80.

CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.16. The firm had revenue of $538.17 million during the quarter, compared to the consensus estimate of $499.02 million. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. CoreCivic's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. Analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling

In other CoreCivic news, Director Stacia Hylton sold 4,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $21.69, for a total value of $86,760.00. Following the transaction, the director directly owned 82,969 shares of the company's stock, valued at $1,799,597.61. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CXW shares. Wedbush reaffirmed an "outperform" rating and set a $38.00 price target on shares of CoreCivic in a research report on Wednesday, June 11th. Wall Street Zen upgraded shares of CoreCivic from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, Jones Trading restated a "buy" rating and issued a $30.00 target price on shares of CoreCivic in a research note on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $33.33.

CoreCivic Profile

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.